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As banker it is my first job to be safe: IDFC First Bank CEO V Vaidyanathan

From now on, the system should open up systematically as people's financial cushions could vanish soon, he says

Topics
IDFC First Bank | IDFC First | capital infusion

Hamsini Karthik  |  Mumbai 

Explaining what went behind the Rs 2,000 crore of equity raise announced last Friday, V VAIDYANATHAN, MD & CEO, IDFC First Bank in an exclusive Zoom call with Hamsini Karthik says the intention was to be prepared for growth, as well as any asset quality contingency from Covid-19. Edited excerpts: Would it be fair to say that the money raised is for a Covid-19 Protection Fund? We have a strong business model. Our retail loan book has grown by 30% in the last one year and we feel this kind of growth can be sustained.

Our CASA has grown by 157%. These are strong numbers. But for ...

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First Published: Sun, May 03 2020. 16:51 IST
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